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In Wavell Heights, the median sale price for houses is currently around $1,160,000, reflecting a decrease of -3.33% over the past year. This decline could be influenced by various local factors. 

In contrast, the unit market has experienced robust growth, with a median price of approximately $533,342 and a significant increase of 22.61% over the same period. This trend suggests a growing interest in more affordable and low-maintenance living options in the area​​.

The past 12 months have seen 167 houses and 20 units sold in Wavell Heights. Houses typically spent an average of 38 days on the market, while units had a shorter average of 30 days. This data indicates a relatively strong demand for units, likely due to their affordability and suitability for various lifestyles​​.

The population of Wavell Heights experienced a modest increase from 2011 to 2016, reaching 9,691 residents. The median age of residents is around 36 years, and most households are composed of couples with children. The median household income in 2016 was $2,025 per week, reflecting the suburb's economic stability and the spending power of its residents​​.

The suburb's proximity to Brisbane CBD and other major commercial hubs, coupled with significant infrastructure improvements, enhances its real estate market. Wavell Heights’ ongoing development and the construction of new townhouses on large blocks signify its steady growth and evolution as a desirable residential area​​.

Rental market and economic factors

The rental market in Wavell Heights offers attractive opportunities for investors. The rental yield for units stands at 4.98%, with a median rent of $515 per week, while houses offer a yield of 3.20%, with a median rent of $660. These figures suggest that the unit sector, in particular, could be a lucrative market for rental investments​​.

Wavell Heights, nestled in North Brisbane, is a suburb that exudes a family-friendly atmosphere, attracting residents with its diverse range of housing options. From high-end homes to comfortable mid-tier residences, the suburb caters to various lifestyles and budgets. Its strategic location is a major draw, offering residents an easy commute to Brisbane's city centre and convenient access to the Gateway Motorway. 

This accessibility makes Wavell Heights particularly appealing for those seeking a perfect blend of urban convenience and suburban tranquillity.

The suburb is also renowned for its quality schools, adding to its family-oriented appeal. The community in Wavell Heights is vibrant and inclusive, contributing to the suburb's warm and welcoming culture. While specific environmental initiatives in Wavell Heights may not be highlighted, the suburb, as part of the broader Brisbane region, benefits from the city's focus on sustainability and community well-being. 

This commitment to environmental consciousness further enhances the suburb's attractiveness to those who value a sustainable and community-centric lifestyle.

Some popular suburbs close to Wavell Heights, each with their own appeal, include:

• Nundah: Known for its vibrant village atmosphere, Nundah combines modern apartments with a bustling retail and dining precinct.
• Chermside: A major retail hub, Chermside is famous for Westfield Chermside, one of the largest shopping centres in Australia, making it a shopper's paradise.
• Kedron: Offering a mix of charming character homes and modern developments, Kedron is ideal for families and professionals seeking a blend of suburban peace and city proximity.
• Stafford: A suburb with a strong community feel, Stafford is known for its parks, local cafes, and family-friendly environment.
• Clayfield: Renowned for its elegant Queenslander homes and leafy streets, Clayfield is a prestigious suburb that offers a tranquil yet upscale living experience.